219 Belmont Avenue E Seattle, WA $ 2,700,000
219 Belmont Avenue E
$ 2,700,000
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219 Belmont Avenue E

Seattle, WA, 98102
$ 2,700,000
Baths0.0 Sq 9,350

Monthly Estimate*

$ 16,844

Listed by Lee & Associates Commercial RE
219 Belmont Avenue E, Seattle, WA 98102 - Image 1
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Studio

Multi-Family Home for sale in Seattle, WA

for $2,700,000. This 9,350 square foot home was built in 1910 on a lot size of 0.1102.

The Lanning, an 11-unit apartment in the heart of Capitol Hill. This well-maintained brick veneer building, built in 1910, offers spacious layouts 827 SF on avg, a rare find in a neighborhood known for compact apartments. The unit mix consists of 10 one-bedroom units and 1 two-bedroom unit, well-preserved hardwood floors, and in-unit w/d in 10 of the units. Steps from Broadway’s vibrant retail corridor, the Light Rail Station & SLU. Currently operating with below market rents, The Lanning presents a clear value-add opportunity. Whether repositioning as a bespoke high-end rental or realizing efficiencies as stabilized asset, The Lanning represents an unparalleled opportunity to own in one of Seattle’s most resilient and dynamic submarkets.

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Multi-Family Pending

Price

$ 2,700,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 30,995

Style

10+ Units

Lot Size

0.1102

Year Built

1910

Town/City

Seattle

County/Region

King

MLS | Web ID

2416448

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard Forced Air Other See Remarks
Cooling None
Possession Closing Subject to Tenant Rights
Roof Flat
HOA Fee 0
Security Features Partially Fenced
Year Built 1910
Property Subtype Multi Family
Tax Year 2025
Waterfront Features Bayfront
County King
Net Operating Income 203718
Insurance Expense 8375
New Construction N
Property Type Residential Income
HOA N
Energy Efficient Thermal Windows
Subdivision Name Capitol Hill
Special Listing Conditions None
Status Pending
Directions East on Olive Way left on Belmont Mid Block
City Seattle
Senior Community Y/N N
High School District Seattle
Open Parking Spaces 0
Number Of Units Total 11
MLS Area 390 - Central Seattle
Lot Size Units Square Feet
Lot Size Square Feet 4800
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional
Tax Annual Amount 30995
Electric Expense 0
Fuel Expense 0
Property Condition Average
Public Remarks The Lanning an 11-unit apartment in the heart of Capitol Hill. This well-maintained brick veneer building built in 1910 offers spacious layouts 827 SF on avg a rare find in a neighborhood known for c
Leasable Area 9350
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Pending
Amenities Basement See Remarks Storage Thermal Windows
Units Below Grade true
Units In Building Total 11
Water Sewer Garbage 18916
Property Style 56 - 10+ Units
Cap Rate 6.38
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Exterior
Exterior Amenities Brick Cement Planked Stucco
Lot Features Alley Curbs Paved Sidewalk
Water Source Community
Total Parking 0
Foundation Details Block Poured Concrete See Remarks
Building Area Total 9350
Lot Size Acres 0.1102
Waterfront Y/N Y
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Fenced-Partially
Parking Uncovered Spaces 0
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Interior
Flooring See Remarks
Total Fireplaces 0
Total Stories 3
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2416448
Street Number 1 219
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* Excluded Features
List By
Daniel Lim

Listing Agent

Lee & Associates Commercial Re

Broker

Affordability Calculator

$19,427
Per Month
87%
13%
0%
Monthly Principal & Interest
$16,844
Monthly Property Taxes
$2,583
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
257829 Elementary School
258279 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/10/2025$2,700,000 -8.47% Price Down
8/4/2025$2,950,000 Listed Price

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219 Belmont Avenue E, Seattle, WA, 98102 is a Multi-Family Home for sale at $2,700,000 with 9,350 sqft and a lot size of 0.1102. 219 Belmont Avenue E is a studio with 0.0 baths and was built in 1910. The property's zip code is 98102 which is in Seattle, WA